TME250117C22000
- 0.05
- 0.000.00%
Tencent Music Newsroom
Tencent Music Entertainment Group's (NYSE:TME) Three-year Earnings Growth Trails the Respectable Shareholder Returns
Major bank rating | Goldman Sachs: The expectation is that the domestic gaming Industry remains a defensible investment choice.
Goldman Sachs published a report stating that despite macro and policy uncertainties this year, the domestic gaming industry is still expected to be a defensive investment choice. Leading stocks Tencent and NetEase are likely to achieve growth above the industry average by leveraging their strong product pipelines to expand in overseas markets. The firm prefers the music streaming platform Tencent Music, which has a stable market structure and penetration potential, as well as Bilibili, which has growth potential in advertising market share. Among them, the firm expects both Tencent and Tencent Music to achieve stable profit growth, with revenues expected to increase by 8% to 10% and a modest expansion in profit margins. Additionally, Tencent's international gaming growth and e-commerce development, along with Tencent Music's subscriptions and usage...
Hong Kong stocks morning report on January 20: The Securities Regulatory Commission has approved GTJA to absorb and merge HAITONG SEC. This year, there will be a large increase in southbound funds' Shareholding in the three major state-owned Banks.
① The Securities Regulatory Commission has agreed to GTJA's absorption and merger with HAITONG SEC and to raise matching funds. ② Financial Secretary Paul Chan Mo-po will attend the Davos Annual Meeting. ③ This year, southbound funds have significantly increased their Shareholding in the three major state-owned Banks. ④ CITIC SEC's profit in 2024 is nearly 22 billion yuan.
Trump Told Advisers He Wants to Visit China as President
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
Hong Kong stocks early news on January 17: USA's retail growth in December was lower than expected, with mixed trends for Chinese concept stocks in US markets.
① Retail sales in the USA grew by 0.4% month-on-month in December, which is below market expectations. ② The number of people applying for unemployment benefits for the first time in the USA last week increased by 0.014 million to 0.217 million. ③ The three major indices of the US stock market collectively fell on Thursday, with China Concept Stocks fluctuating. ④ The World Bank warns that Trump's tariff policy may hinder this year's Global economic growth. ⑤ Federal Reserve official Waller stated that if the inflation rate declines, the rate cuts may be stronger than market expectations.
Hong Kong stocks morning report on January 16: USA CPI released, China Concept Stocks generally rose.
① The USA's December CPI increased by 2.9% year-on-year, meeting market expectations. ② The Biden administration has intensively implemented trade restrictions related to China during the remaining term, and the Ministry of Commerce has firmly opposed it. ③ The three major Indices in the USA rose by over 1.5% on Wednesday, with China Concept Stocks showing widespread gains. ④ Germany's 2024 GDP preliminary value has slightly decreased year-on-year. ⑤ The International Energy Agency has lowered this year's Global oil demand forecast.
Major Bank Rating丨Bank of China International: Expected Tencent Music's fourth-quarter performance to meet expectations, maintaining a 'Buy' rating.
BOC International published a research report, expecting Tencent Music's performance in the fourth quarter of 2024 to align with market expectations, with total revenue anticipated to grow by 6% year-on-year; adjusted net income margin is projected to reach 27%. Among them, the core music membership business revenue is expected to grow by 17% year-on-year. The firm believes that Tencent Music will continue to rely on its core music content ecosystem and its rich and integrated infrastructure to achieve stable and high-quality growth in music business in the future by enhancing its monetization capabilities and improving monetization efficiency. BOC International stated that considering Tencent Music's stable execution of the repurchase and annual dividend policy, it maintains its 'Buy' rating.
Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth.
Express News | Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth
Express News | Ishares China Large Cap ETF up 2.3%, Kraneshares CSI China Internet ETF 3%
Express News | PDD Holdings up 2.9%, NetEase up 1.4%, Baidu up 2.3%
Express News | Li Auto up 4.2%, JD.com up 4.8%, NIO up 1.4%, Xpeng 8.9%
Tencent Music Announces New Hong Kong Office Location
Everbright's 2025 Internet Plus-Related media investment strategy: Emotional Consumer, Content Revival.
In the competitive landscape of the domestic demand market, platform enterprises are in a relatively advantageous position, maintaining a "Buy" rating for the Internet Plus-Related media Industry.
Hong Kong stock morning report on January 8: The Ministry of Industry and Information Technology is conducting a trial for 10G optical networks; Mixue Ice City has obtained registration from the China Securities Regulatory Commission for its Hong Kong IPO
① The State Council: Venture Capital Funds should focus on developing new quality productive forces. ② Ministry of Industry and Information Technology: Launching pilot projects for 10-gigabit optical networks. ③ Apple's spring "budget version" iPhone new model will start mass production in mid-January 2025. ④ Mi Xue Bing Cheng's Hong Kong IPO has been filed with the China Securities Regulatory Commission.
U.S. stock market close: Inflation concerns lead to a decline in all indexes, NVIDIA fell 6% after reaching a new high.
① The Nasdaq China Golden Dragon Index fell by 0.2%, with China Concept Stocks showing mixed results; ② NVIDIA launched its personal computing product Project DIGITS; ③ XPENG Huaitian: Flying cars will be mass-produced and delivered in 2026; ④ Vaccine stocks soared, with Moderna rising nearly 12% and Novavax increasing by nearly 11%.
Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket
Trump calls on the United Kingdom to "open" the North Sea and dismantle the Generator.
① The elected president of the USA, Trump, posted on his personal Social Media platform Truth Social, urging the United Kingdom to open the "North Sea" and remove the Generator; ② Due to depleting reserves and the Global shift towards Wind Power, oil production in the North Sea has been continuously declining, and oil companies have gradually withdrawn from the North Sea in recent years.
China Music Copyright Association: Tencent Music Group has been finally ruled to be infringing, with a total compensation for economic losses amounting to nearly 0.22 million yuan.
According to a statement from the China Music Copyright Association on December 31, Tencent Music Entertainment Group, as a super-large music group with a monopolistic market share and four major online music platforms (QQ Music, Kugou Music, Kuwo Music, and Q&M Dental), has been ruled by the court for infringement for using works managed by the China Music Copyright Association (hereinafter referred to as "Music Copyright Association") without permission. As of December 19, 2024, regarding the dispute over the infringement of the information network transmission rights of musical works filed by the Music Copyright Association against Guangzhou Kugou Computer Technology Co., Ltd. (hereinafter referred to as "Kugou Music").